VISA MY INVESTMENT “EB-5 NEW INVESTMENT …

After reading some of the articles you wrote about the EB-5 in the past few months, I and my family have discussed the chances of US immigration under this program, however. We still have many questions that need to be clarified before us. Mr. Huy Ton asked me some of the following:

1. What is the law of the EB-5 program?

What are the legal constraints associated with this settlement investment law?

Hopefully Huy Ton will respond soon to help our family more information before deciding to change lives.

Dao Van Trung
trungda@@yahoo.com.vn

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Hi Trung,

Following the previous SG VISA, we would like to share with you your family and other interested readers about the EB-5 immigration settlement and the latest updated information.

On May 21, 2013, the EB-5 immigration reform bill (HR 2131), presented by Assemblyman Darrel Issa (of the California Republican Party), was transferred to the Board of Trustees. US Senate Judiciary Committee to be approved, then transferred to the House of Representatives. It is very important that DB Issa is the chairman of the House Committee Oversight and a member of the House Judiciary Committee. Immigration Reform Bill H.R. 2131 by DB Issa will affect the EB-5 settlement program in a number of key areas:

Permanent Reauthorization: This assumption will allow the EB-5 program to become permanent and expire every three years once it is re-approved – the current EB-5 program. will expire in 2015. It means that under this bill, the EB-5 settlement program, if enacted, will continue in the long term without the US Congress re-accepting every 3 once a year.

Minimum Investment: The amount of investment will be increased to reflect the inflation and devaluation of the dollar since the EB-5 program was passed by Congress in 1990 and the value Future. This would increase the investment to nearly $ 300,000, which means that when the bill passes and becomes a rule, investors will have to contribute nearly $ 800,000 to a new project that can participate in the investment program. EB-5 means that under this law, the EB-5 settlement program, if it becomes a law, sets the amount of investment up from $ 500,000 to nearly $ 800,000.

Job Creation: The US Citizenship and Immigration Services (USCIS) currently requires 10 full-time jobs to be generated from the investment before USCIS receives a removal order. This bill proposes that the number of ten full-time jobs must exist at the time the petition is filed with the USCIS to remove the condition. The Green Card will also allow USCIS to extend the Green Card status for one more year to allow more time for job creation.

Currently, EB-5 only stipulates that investors demonstrate 10 full-time jobs over a two-year period or “within a reasonable time in the future” after conditions under the Green Card are approved by the USCIS. However, in practice, USCIS will not approve business plan files and the economist report does not show before the Blue Card is removed. Have 10 full-time jobs for each investor. And if this bill is passed into law, having 10 full-time jobs for each investor is mandatory before USCIS removes the condition on the investor’s Green Card. And this will help investors who participate in the project early in the project to have more opportunities to meet USCIS regulations than later investors.

Targeted Employment Areas (TEA): To avoid fraud involving low unemployment areas in TEAs, the bill provides: 1) TEAs must be in the same a geographic area defined by the US Department of Labor as having at least 150 percent of the unemployment index compared to the national unemployment index; (2) The Secretary of Labor of the United States will determine how a qualified area becomes a TEA; 3) USCIS will not be limited by the decision of any entity that a region currently has a high unemployment index – this clause may prevent the assignment of TEAs.

This means that TEAs must have an unemployment index of less than the national index of 150%, and the location of the project must be in the TEA region, such as a multi-site project. in the area designated by USCIS. If a project has more than one state or even county that USCIS has not approved, the investor’s record will not be approved by USCIS.

Fraud Deterrence: To prevent fraud, this law prohibits individuals involved in the Regional Center: 1) has committed crimes that are considered crimes. charges under the Immigration and Nationality Act (INA); are aliens wishing to enter the United States as subjects denied by the USCIS by terrorist criminals; 3) has committed a securities fraud or has committed an offense relating to securities market fraud. In addition, the bill clarifies the powers of the Department of Homeland Security (DHS) to examine the CVs of the Regional Center Directors, project owners, project contractors, project management units, and any individuals or entities that play an important role in regional centers. DHS may withdraw from participating in the settlement program of any Regional Center that has violated or has significant members who have violated immigration laws or provided false information about the investigation. The judicial record of the units involved in the EB-5 settlement program.

Securities Compliance (Security Compliance): This assumes that Regional Centers must certify compliance with the securities laws in accordance with Commonwealth law. USCIS may withdraw LICs for failure to issue certificates or to violate securities laws.

The simplest of the two is that developers of the Regional Center must have proof of compliance with the Securities Act issued by the Security Exchange Commission.

We VIS VISA hope to share the updated information on will help Trung’s family and readers interested in making specific and quick decisions to change the future of his family. If you or other readers have other questions, please contact SG VISA to share more accurate and specific information.

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